New Delhi, Jan. 26 -- India's used car market is projected to grow from 4.6 million sales in 2023 to a whopping 10.8 million by 2030, cruising ahead with an impressive compound annual growth rate (CAGR) of 13 per cent, as per a report by auto tech company CARS24.

The Indian used-car market is shifting gears, the auto tech company asserted.

As customer preferences change for more affordable and dependable options, the used-car market is witnessing an uptick vis-a-vis the new car market, the auto tech company said in a statement.

Gajendra Jangid, Co-Founder of CARS24, said, "The once niche pre-owned car market has taken by storm and redefined car ownership in India. The Gear of Growth report by CARS24 reflects the changing consumer prefe...